The three industries with the highest per capita annual salary are still the financial industry, 99,659 yuan, 1.94 times the national average; 90,926 yuan for the information transmission, software and information technology services, 1.77 times the national average; scientific research and technology services , 76,603 yuan, is 1.49 times the national average.

The industry with the lowest per capita annual salary is only 25,820 yuan, which is 50% of the national average. In other words, the “first place” financial industry and the “countdown first place” agriculture, forestry, animal husbandry and fishery are nearly four times different.

There is also a job gap. The average salary of the person in charge of the unit is 2.35 times the average level of all employed personnel; the average salary of the commercial and service personnel is the lowest, which is 86% of the average level of all employed personnel. The ratio of the highest and the lowest average wage of the job is 2.73.

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China does not yet have enough Huaweis. But it attracts plenty of bright young people who would like to build one. Every year another wave of “sea turtles”—Chinese who have studied or worked abroad—returns home. Many have mixed with the world’s best engineers at MIT and Stanford. Many have seen first-hand how Silicon Valley works. Indeed, Silicon Valley veterans have founded many of China’s most innovative firms, such as Baidu.

The pace of change in China has been so startling that it is hard to keep up. The old stereotypes about low-wage sweatshops are as out-of-date as Mao suits. The next phase will be interesting: China must innovate or slow down.

After surpassing the financial industry for the first time in 2016, the IT industry’s average salary level continued to exert pressure on the financial industry in 2017, which was the highest among the average wages in various industries.

The data show that in urban non-private units, the average annual wage of information transmission, software, and information technology services reached 133,150 yuan, an increase of 8.7% over the previous year; the average annual salary of the financial industry ranked second was 122,851 yuan, an increase of 4.6 from the previous year. %, this growth rate is the lowest in all industries.

From the perspective of wages, the average annual wage of employees in urban non-private units is 74,318 yuan, an increase of 8.2% in real terms; the average annual wage of employees in urban private units is 45,761 yuan, an increase of 5.0% in real terms.